Type
Internal restructuring
Country
Greece
Region
Location of affected unit(s)
Sector
Public Administration And Defence
Public Administration And Defence; Compulsory Social Security
Provision Of Services To The Community As A Whole
84.22 - Defence activities

800 - 1,000 jobs
Number of planned job losses
Job loss
Announcement Date
5 November 2013
Employment effect (start)
30 November 2013
Foreseen end date
31 January 2014

Description

The Greek government plans to cut 800-1,000 jobs from the state-owned EAS, ELVO and LARCO.

As reported, the restructuring of the defence industries Hellenic Defence Systems (EAS) and Hellenic Vehicle Industry (ELVO) as well as of the General Mining & Metallurgical Company (LARCO) was high on the agenda at the last meeting hosted by the Greek Ministry of Finance with the representatives of Troika in Athens.

According to the sources, the plans till now envisages the restructuring of EAS and ELVO and the operation of only one warehouse among them and the privatisation of LARCO.

As announced, the term set by the Greek side is that these dismissals should be considered as part of the previously agreed plan envisaging 4,000 job cuts in the public sector by the end of 2013


Sources

  • 5 November 2013: Kathimerini
  • 5 November 2013: Ethnos
  • 5 November 2013: Imerisia

Citation

Eurofound (2013), Public Sector, Internal restructuring in Greece, factsheet number 76142, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76142.